#CryptoScamSurge
A high-profile crypto ETF holding bitcoin, ether, XRP, and more wins SEC approval, but a surprise stay halts its launch, leaving markets hanging in suspense.
SEC Stay Delays Launch of Bitwise ETF Featuring Bitcoin, Ether, XRP, and More
The U.S. Securities and Exchange Commission (SEC) approved a major multi-asset crypto exchange-traded fund (ETF) on July 22 but immediately stayed the decision for full Commission review. The SEC’s Division of Trading and Markets granted accelerated approval for a proposed rule change permitting NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index ETF under an amended Rule 8.500-E.
The ETF is structured to track the Bitwise 10 Large Cap Crypto Index, which consists of leading digital assets weighted by free-float market capitalization. The SEC formally stated:
